Learning Outcome 6 Understand the main practices of insurance company accounts– Chapters 7 and 8 Flashcards Preview

M92MCQ > Learning Outcome 6 Understand the main practices of insurance company accounts– Chapters 7 and 8 > Flashcards

Flashcards in Learning Outcome 6 Understand the main practices of insurance company accounts– Chapters 7 and 8 Deck (3)
Loading flashcards...
1

What tables must be included in an insurance company's accounts under IFRS4?
A. Claims development tables
B. Actuarial development tables
C. Business development tables
D. FRS tables




A. Claims development tables

2

FCAG stands for:

A. Financial Consolidation Advisory Group
B, Financial Corporate Accounting Group
C. Financial Crisis Advisory Group
D. Financial Crisis Accounting Group




C. Financial Crisis Advisory Group

3

Which claims methodology is a combination of two of the other claims reserving methodologies?
A. Projection of paid claims
B. Projection of incurred claims
C. Bornhuetter Ferguson
D. Loss ratio method




C. Bornhuetter Ferguson